Facebook Buys Virtual Reality Startup Occulus

March 26, 2014  - By


Facebook has purchased Occulus, a virtual reality gaming startup, for $2 billion. “Today, we’re pleased to announce that we’ve joined forces with Facebook to create the best virtual reality platform in the world,” Occulus announced via a blog post.

“Facebook understands the potential for VR,” the blog said. “Mark [Zuckerberg] and his team share our vision for virtual reality’s potential to transform the way we learn, share, play, and communicate. Facebook is a company that believes that anything is possible with the right group of people, and we couldn’t agree more.”

Occulus demonstrated its most recent version of the Oculus Rift development kit at the Game Developers Conference in San Francisco, March 17-21. Occulus Rift is a virtual reality  headset for 3D gaming.

The Oculus Rift DK2 prototype took home the award for Best in Show at January’s Consumer Electronics Show.


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About the Author: Tracy Cozzens

Senior Editor Tracy Cozzens joined GPS World magazine in 2006. She also is editor of GPS World’s newsletters and the sister website Geospatial Solutions. She has worked in government, for non-profits, and in corporate communications, editing a variety of publications for audiences ranging from federal government contractors to teachers.

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